Due to the changes in world’s economy, the economic profile of Sao Paulo is going through a deep transformation. The economy is gradually diverting from strongly industrialized base to service and technology-oriented activities. The industries consuming huge manpower have been replaced by a large number of high-technology industries and service providers of many flavours. The city is experiencing a boom in many sectors, particularly shopping malls, entertainment, construction, business-oriented tourism and other service based industries.